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| | | ... to the superannuation accounts of people under the age of 18. ISA chief executive Bernie Dean said: "This is an out-of-date law that discriminates against our youngest workers just as they're starting out - it's unfair and the law needs to be modernised." ... |
| | | | The disgraced director of Select AFSL, the company the Hayne Royal Commission exposed for hawking life and funeral insurance to vulnerable customers, has been banned from managing a company for five years, while his companies were fined $13.5 million. ... |
| | | | ... will not take further action against Bell Financial Group's three subsidiaries following an audit of its financial crime law compliance. Last February, AUSTRAC ordered an external auditor assess Bell Potter Securities, Bell Potter Capital and Third ... |
| | | | ... of the member. Intra-fund consolidation must be undertaken at least once each financial year - an obligation written into law a decade ago. A recent review of nine trustees by ASIC found three of the nine did not have documented business rules for identifying ... |
| | | | The Financial Services and Credit Panel has ordered an audit of a financial adviser who carelessly recommended a client switch superannuation funds. Releasing its second determination since it launched, the FSCP said the unnamed adviser, only referred ... |
| | | | ... the death audit services of Berwyn Group, which recently merged with PBI, none of its member data was accessed in the hack. Law firms Wolf Haldenstein Adler Freeman & Herz and Console & Associates are already investigating claims on behalf of current ... |
| | | | An academic has raised concerns about the impact anti-hawking laws will have on superannuation funds' ability to provide financial advice amid the federal government's proposal to open advice to other channels. Anthony Asher, an associate professor ... |
| | | | The government has introduced a new Bill to tackle corporate tax avoidance, particularly among multinational enterprises. The bill mandates enhanced tax transparency for multinational corporations operating within Australia, making it more difficult ... |
| | | | The long-awaited Compensation Scheme of Last Resort (CSLR) has been enshrined in legislation, with consumer advocates calling it a "historic moment" for Australians. Passing the senate on June 22, the Treasury Laws Amendment (Financial Services Compensation ... |
| | | | The Australian Law Reform Commission's (ALRC) third and final interim report is proposing to restructure and simplify financial advice regulation after finding the industry is regulated very differently to other financial services sectors. Interim ... |
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